Pursuant to the Association’s governing documents to increase the assessment annually by the rate of annual CPI increase, you are hereby notified that the annual assessment for 2023 will be increased to $760.00 per lot.

The Board diligently worked to create a budget that would not only continue to fund ongoing capital repair projects, but also replenish the reserve funds, which is instrumental to the continued fiscal operation and maintenance of the Association. It is prudent for the reserves to equal at least one year’s total of assessment income pursuant to recommendations made by professionals in the industry and we are currently far from meeting said goal. In addition, with costs and services steadily increasing over the past few years, the Board has no choice but to continue improving and protecting the financial stability of the Association by making the tough decision to raise the dues amount to also meet the additional costs.

The Board of Directors would like to again offer each owner the opportunity to divide the annual assessment into four (4) payments of $190.00 for those who might have a hardship from paying the fee in one lump sum and has extended the due date to accommodate this effort.

You will find four (4) coupons enclosed in your mailed assessment notification for your use in mailing your payments to the processing center. Partial payment suggested due dates are as follows: December 15, 2022, January 15, 2023, February 15, 2023 and March 15, 2023.

Please note that your 2023 assessment must be paid in full and received by April 1, 2023 to avoid late or legal fees.

You do not have to take advantage of the partial payment option and can certainly pay in full in one lump sum by the due date. Again, late fees will not be applied until April 1, 2023 on any past due assessment amount so we urge all to take advantage of the additional grace period and partial payment options.

Also note that if you are currently being pursued for outstanding prior year’s fees, any payments made will be credited to outstanding balances or may not be accepted based on the account status. If you are currently delinquent, please contact management to discuss your account.

The 2023 approved budget was enclosed in the mailed statement to homeowners and will also be posted on the website and homeowner portal for future reference.

If you are in a financial position preventing you from paying the assessment in full by April 1, 2023, please send a written request for a payment plan extension either by mail, fax or email to the management company prior to the late date to avoid additional fees. If your account is currently delinquent, the balance reflected on the mailed statement may not include all pending late or legal fees. Please contact management for the most up to date balance.